Broadband infrastructure specialist, Technetix, has announced a record year of growth and increased momentum in sales in the North American market, with the release of the company’s results for 2023.With an increase in revenue of 33 per cent to $157 million (€144.8m) – compared to $118 million in 2022, this strong growth comes at a […]

Italy-based broadcasting group MFE-MediaForEurope is expected to close 2023 with profit exceeding €217 million, the figure recorded in the previous year. This figure does not include the effects of adding ProsiebenSat.1 to their finances. Advertising revenues in Spain and Italy are expected to grow by 5 per cent compared to the same period in 2023. The […]

MásMóvil ended the year increasing its revenues by 3 per cent to €2.97 billion, albeit losing €240 million overall. EBITDA remained flat versus the previous year reaching €1.18 billion with investments totalling €437 million. In term of customers, MásMóvil added 650,000 new lines including mobile and fixed broadband. Overall, the company has 15.9 million lines, […]

German multimedia group RTL has reported what it describes as a “strong” H2 2023. The group says its results came in in line with the guidance for the full-year 2023: On a pro-forma basis, Group revenue of €6.9 billion and Adjusted EBITA of €927 million, the latter including streaming start-up losses of €179 million. In […]

Thuraya, part of Yahsat, is in the process of merging with Bayanat into new business Space42. But while Yahsat reported a respectable 6 per cent rise in 2023 revenues, it was its Thuraya division which generated an impressive 23 per cent increase. Yahsat bought Thuraya in 2018. Thuraya operates large satellites using L-band for mobility-based […]

Arabsat’s CEO Alhamedi Alanezi says the satellite operator’s revenues for last year exceeded $200 million (€182.9m). Alanezi said that the company’s expansion plans could be funded from its own resources without the need to raise debt. Arabsat also announced that it has signed a MoU with Canada-based Telesat. The partnership aims to leverage Arabsat’s expertise […]

ITV has reported an overall 2023 profit decline of 61 per cent YoY, to £193 million (€225.8m). The UK commercial broadcaster attributed the figure to the the downturn in the linear ad market and its ongoing investment in streaming service ITVX. Total group revenues declined by 2 per cent to £4.3 billion, with total external […]

Germany’s ProSiebenSat.1 Group reports that it saw a positive development in many areas of the portfolio at the end of 2023 and thus achieved its most recently specified targets for the year. At €3.85 billion, Group revenues declined by 7 per cent or €311 million on the previous year; adjusted for currency effects and portfolio […]

Satellite operator Globalstar is doing well as a result of its relationship with Apple and its iPhones. Globalstar’s revenues in the main come from its mobile satellite services division but very much is looking to a future from satellite-based links with terrestrial services. Its revenues are up a useful 17 per cent in its commercial […]

Operating losses at troubled right-leaning news channel GB News grew 38 per cent to £42.4 million (€49.6m) in the year to May 2023, the business has revealed in accounts filed to Annual Companies House. The accounts for GB News Limited show 80 per cent year-on-year growth in revenue to £6.7 million, but also a 63 […]